71# 5min "The Force basic setup" Trading System
Name: The Force
Pair: Eur/Usd
Time: 5min
Sessions: Any, but I only trade during the assian and euro session.
Trading Indicators
MACD: 12,26,1 ( 1 means nothing )
Stochastic: 5,3,3
EMA: 5 to the close
EMA: 5 to the open
*no trades during news times*
*Risk is set to 1%*
*Take profit is random based on market conditions but ill usually cash
out based on reversal patterns or a cross of the two ema's*
Trade signals are only confirmed on closed candles/bars.
Buy Signal
a) When the stochastic crosses up from the 20 line and is not
ovebought
b) The MACD closses higher than the previous time interval
c) The Signal candle/bar closes higher bullish
d) The 5 ema to the close has crossed the 5 ema to the open
Stop Loss is the low of the previous candle or 20 pips but 20 pip min.
Close when the 5 ema to the close has crossed the 5 ema to the open
Sell Signal
a) When the stochastic crosses down from the 80 line and is not
oversold
b) The MACD closses lower than the previous time interval
c) The Signal candle/bar closes lower bearish
d) The 5 ema to the close has crossed the 5 ema to the open
Stop Loss is the high of the previous candle or 20 pips but 20 pip min.
Close is based on price action.
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Write a comment
Andrei (Wednesday, 02 March 2016 07:34)
I guess strategy photo is wrong
Jesse (Monday, 10 December 2018 23:25)
Great strategy but not as frequent as I thought would be.